A loan-cum revival would mean –

A. Granting a loan

B. Revival of the policy

C. Both A & B

D. None of the above

Answer: Option C

Solution(By Examveda Team)

A loan-cum revival would mean Granting a loan and Revival of the policy. If a policy acquires the surrender value, the date of the policy can be revived by a policy loan. The loan amount will be calculated and treated as premiums paid upto the date of the revival. If a loan amount is more than the required revival, the excess will be paid to the policyholder.